Paul Moore
Male, Person
Who is Paul Moore?
Paul Moore is a former manager at the UK bank HBOS, who came to public attention as a whistleblower in the banking crisis of late 2008 as a result of having been dismissed from his position as head of the bank's financial risk management in 2004 after warning his employers that they were taking excessive risks, at a time before the banking crisis of 2008 demonstrated that the risks were, indeed, real, when the bank was in danger of collapse until forced into a merger and then bailed out by a multi-billion-pound infusion of capital from the Treasury.
Moore's complaints were investigated at the time by accountancy firm KPMG, who concluded that HBOS had appropriate risk controls in place; this was accepted by the Financial Services Authority.
He sued HBOS for unfair dismissal on the basis that the reason for his dismissal was actually his warnings of excessive risk, which if followed would have reduced the bank's profits while protecting it from what proved to be the all-too-real risk. The bank settled his claim for over half a million pounds in mid-2005.
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"Paul Moore." Biographies.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.biographies.net/biography/paul-moore/m/05h2645>.
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